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2016 Predictions - Updates from our CEO on Logix 2016 Initiatives
I’ve never been good at predicting election outcomes, although I did correctly call Ronald Reagan’s 1980 victory over Jimmy Carter (not particularly impressive, as virtually everyone except Carter knew Reagan would win in a landslide). I also know from experience that it’s a bad idea to use a company communication forum to discuss political issues, let alone to predict the outcome of hotly contested elections.
2016 Dividend: A letter to our members from Logix CEO, Dave Styler
Logix Federal Credit Union again experienced an exceptional year in 2015.
For the fifth year in a row, a record number of members joined Logix, taking advantage of our low auto and mortgage loan rates to help generate the highest loan volume in our history. Thousands of members deepened their savings relationships and opened checking accounts. We launched a new Porter Ranch branch, and again in 2015, over 96% of members indicated they would recommend us to others.
Based on our industry-leading net worth position, our Board of Directors authorized a total of $5.2 million in Loyalty Dividend payments to qualifying members.
This dividend was deposited into qualifying members’ savings accounts on February 24, 2016.
We hope this dividend demonstrates the unique advantage of membership in Logix (we share our success with those who make it possible), and serves as a reminder of our commitment to you, our loyal members.
For more information about your Loyalty Dividend, please take a moment to read the Q&A here. You may also give us a call at (800) 328-5328 (6 a.m. to 8 p.m. M-F, 8 a.m. to 5 p.m. Saturdays) or contact me directly at dstyler@lfcu.com.
We are pleased to share our success with loyal members like you. Thanks again for your membership.
Sincerely,
Dave Styler
President & CEO
#LogixDividend
Want to let us know how you feel about the dividend? Please join the conversation on social media using the hashtag #LogixDividend!
Q: How was the 2016 Logix Loyalty Dividend calculated?